Friedenthal Financial Takes $762,000 Position in Newell Brands Inc. (NASDAQ:NWL)

Friedenthal Financial purchased a new position in Newell Brands Inc. (NASDAQ:NWL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 76,546 shares of the company’s stock, valued at approximately $762,000.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Newell Brands by 4.4% during the third quarter. Principal Financial Group Inc. now owns 1,959,641 shares of the company’s stock valued at $15,050,000 after purchasing an additional 82,337 shares in the last quarter. Citigroup Inc. increased its position in Newell Brands by 7.7% during the 3rd quarter. Citigroup Inc. now owns 1,233,918 shares of the company’s stock valued at $9,476,000 after buying an additional 88,164 shares in the last quarter. Versor Investments LP raised its stake in Newell Brands by 135.6% during the third quarter. Versor Investments LP now owns 98,700 shares of the company’s stock valued at $758,000 after buying an additional 56,800 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Newell Brands by 29.2% in the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock worth $75,753,000 after acquiring an additional 2,668,384 shares in the last quarter. Finally, Primecap Management Co. CA grew its stake in shares of Newell Brands by 4.8% in the third quarter. Primecap Management Co. CA now owns 14,723,079 shares of the company’s stock worth $113,073,000 after acquiring an additional 674,015 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NWL. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $10.00 to $17.00 in a research report on Monday, December 9th. Barclays raised shares of Newell Brands from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. cut their price target on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Wells Fargo & Company boosted their price objective on shares of Newell Brands from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. Finally, Canaccord Genuity Group increased their target price on Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.20.

Insider Buying and Selling at Newell Brands

In related news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the sale, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Newell Brands Stock Performance

NWL stock traded down $0.05 during midday trading on Monday, reaching $9.71. 5,477,376 shares of the company’s stock traded hands, compared to its average volume of 4,510,782. The stock’s 50-day moving average is $9.82 and its 200 day moving average is $8.20. The stock has a market cap of $4.04 billion, a P/E ratio of -16.18, a PEG ratio of 1.02 and a beta of 0.89. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $11.78. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. As a group, analysts anticipate that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Friday, November 29th. Newell Brands’s payout ratio is -46.67%.

Newell Brands Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.